Aug 28 • General discussion
Some OBVIOUS reminders for beginners/new traders:
- Risk Management First – Never risk more than you can afford to lose. Protect capital.
- Discipline Over Excitement – The best trades are boringly consistent, not adrenaline-driven.
- Don’t Average Losers – Cut losses quickly, let winners run.
- Find Your Own Edge – There is no single “holy grail” system. Your edge must fit your psychology.
- Think Independently – Don’t chase tips or hype; make your own decisions.
- Be Patient – Most money is made by waiting for the right setup, not constant trading.
- Respect the Market – Arrogance is punished. Stay humble.
- Learn From Mistakes – Every loss has a lesson; review and improve.
- Trading Is a Mental Game – Controlling emotions is as important as strategy.
- Longevity Is Success – The ultimate goal is to stay in the game for decades.
Here is a quick overview of how I scalp, and my setup. (FYI, I scalp mainly the NQ)
1 target at 15 points, no trails.
Stoploss at 15 points.
I use the "OT" to confirm trend and momentum, then use Profit Trigger for "trigger" to get in a position.
I focus on getting 1-2 trades per account.
I focus on my 3-strike rule stoploss strategy.
I only do ONE copy trade per session per batch. Win or lose, I decoupled immediately after.
These are some of the birds eye view of my scalping setup.
Feel free to use it if it fits "your cup of tea"
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Some OBVIOUS reminders for beginners/new traders:
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